Daily ideas

ING lifted 2Q2026 total income 10.2% to €6.28 billion as its deposit margin rose to 1.07%; third-quarter results test whether costlier savings campaigns erode that margin.

Sherwin-Williams grew Q2 2026 sales 7.5% to $6.79 billion with paint-store comps up 4.2%; Q3 tests whether store volume keeps growing after an 8% September price increase.

BP earned $5.73 billion underlying RC profit in Q2 2026 as its refining margin hit $29.6/bbl; Q3 results test how much survives lower throughput, weaker customers and net debt needs.

Quanta Services grew Q2 2026 revenue 41.1% to $9.56 billion with an 11.5% Electric margin; Q3 tests whether peak-season organic growth can hold last year's 11.4% margin.

ASE Technology's Q2 2026 revenue rose 26.7% to NT$191.06 billion with a 27.3% ATM gross margin; Q3 tests whether new capacity lifts ATM sales and margins together.

Trane Technologies grew Q2 2026 revenue 10.6% to $6.35 billion with a record $12.1 billion backlog; Q3 tests whether volume growth lifts margins about 50 basis points.

Moody's grew Q2 2026 revenue 15% to $2.185 billion with a 55.3% adjusted margin; Q3 tests whether ratings revenue holds roughly flat against a tough 2025 base.

UPS grew Q2 2026 revenue 7.6% to $22.83 billion at a 9.2% adjusted operating margin; Q3 tests whether U.S. Domestic yield holds up once fuel surcharges fade.

Altria grew Q2 2026 adjusted EPS 2.8% to $1.48 as Marlboro pricing offset a 7.4% volume drop; Q3 tests whether pricing, on! PLUS and duty refunds still lift profit.

Agnico Eagle made a record $1.34 billion of Q2 2026 free cash flow on 855,816 ounces; Q3 tests whether the Barnat pit-wall loss keeps output near the 3.3M-ounce low end.

General Dynamics grew Q2 2026 revenue 8.1% to $14.1 billion with EPS of $4.24; Q3 results test whether submarine yard output holds as Marine growth slows.

GSK grew Q2 2026 turnover 5% at CER to £8.41 billion with core operating profit up 7%; Q3 tests whether HIV and specialty growth outrun Nuvalent and R&D costs.

Stryker grew Q2 2026 organic sales 9.0% with a 27.4% adjusted operating margin; Q3 tests whether backlog shipments reach the ~11% second-half pace its guidance needs.

Sandisk grew fiscal Q4 2026 revenue 51% to $8.97 billion at an 84.6% gross margin; Q1 results test whether slower NAND price gains still deliver $10.3-10.8 billion.

WM grew Q2 2026 revenue 4.0% to $6.68 billion at a 30.9% adjusted EBITDA margin; Q3 results test whether collection volume can hold flat under 5.7% core price.

Vertiv grew Q2 2026 sales 24% to $3.27 billion at a 22.6% adjusted margin; Q3 tests whether delayed data center projects deliver 34%-36% organic growth.

S&P Global grew Q2 2026 pro forma revenue 11% to $3.68 billion as ratings rose 17%; Q3 tests whether ratings can beat a $1.24 billion prior-year base.

Starbucks lifted U.S. comps 7.9% and its non-GAAP margin to 14.4% in fiscal Q3 2026; Q4 results test whether traffic and margins hold without tariff refunds.